No offense, but rent to own is not a good strategy.

@Greg Horn  Greg please take no offense but you really need to bone up on this stuffYOu own the house.. you bought it sub too.if you want to owner occ it.. do as @Rocky V. suggested simply deed it to yourself and refinance it.. you could probably ( as long as you qualify) get an 80% LTV loan with no pmi.. and there ya go. 

It seems crazy to me that with all the globalization going on, your applicant doesn't exist to the credit reporting agencies.

@Dave Richards I didn't take offense to anything that anyone posted here.  

We've opted to start our focus 'in our backyard' here in Lake County, though may (likely will) branch out further with time...Non-RE investing background:  I'm an engineer by trade (with all the anal-retentive number crunching that comes with it), presently in a 'Global Strategic Planning' role at my corporation.  

This means the process is a lot less stringent (based on personal financial statement, debt coverage ratios (subject property DCR/global DCR)) and funds much more streamlined and quicker.In a recent example, a conventional cash out was only going to get me 65-70% LTV around 4.75% with no points, but if I went with portfolio it was going to be 4.99% up to 80% LTV with 1 point cost and terms were 10 year with balloon thereafter, 5 year fixed adjustable rate within the 10 year balloon period, 30 year amortization - principal & interest payments, w no pre pays. 

No offense, but people seem to take advantage of out of state folks.

My goal is to observe the trends, discussions and future of the industry and get a global perspective. 

Your Global DCR also becomes very important if you want to scale up to 20, 30 or 50 or more properties over time.So rather than just he saving your goals and growth should dictate how you set up your loans and your amortization periods. 

They also look at your experience, global cash flow and reserves.